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Origins and meaning of word 'Entrepreneur '. The Entrepreneur And Practice Of innovation.

BY: entrepreneurship | Category: Business and Finance | Post Date: 2009-07-11
 



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Where the word Entrepreneur come from? What are it's origins?
In the early 16th century, the Frenchmen who organized and led military expedition were referred to as 'entrepreneur' . Around 1700 A.D., the term used for contractor of public works. The term Entrepreneur was firstly applied to the business by the French Economist CANTILLON in the 18th century. Cantillon developed one of the early theories of the Entrepreneur and is regarded by some as the founder of the term. He have viewed the entrepreneur as a risk taker, observing that merchant, farmer, craftsman and other sole proprietor.


"Buy at a certain price and sell at an uncertain price, therefore operating at the risk."

The word "Entrepreneur' is a loanword from French. In French the verb " Entreprendre" means "to undertake', with "Intre' coming from the Latin word meaning "Between' and "Prendre" meaning "to take'. In French a person who performs a verb, has the ending of the verb changed to "eur", comparable to the "er" ending in English. Enterprise is similar to and has roots in the French word "Enterprise ', which is the past participle of "Entreprendre". Entrepreneur is similarly the French feminine counterpart of the "Entrepreneur".

Who is an Entrepreneur? (Today's meaning)

Entrepreneur a person, who has initiative in investment and decision to the enterprise; seeking all resource of factor of production, resources of Management, Behavior, Cultural, Economical and Political factor for establishing, innovation and founded enterprise, having assumption of risk, profit and future growth

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